1. How many years is the property right of the new house?
At present, the property right of the new house is 70 years, but there is no clear property right restriction for the new house, because the land nature of the new house is collective land, so there is no property right period. Buying a new house is like buying a building on the ground without buying its land use right, which is also the biggest difference between a new house and a commercial house, so you must be cautious when buying such a house.
Second, what is the difference between a new home and a big property right?
1. Their land properties are different.
The land for newly-built houses is collective land, while the land for large property houses is state-owned land. After the developer obtains the right to use state-owned land after listing, it belongs to state-owned land. The price of houses with big property rights is relatively high, and the newly-built houses are all projects directly approved by the village, so its land use right belongs to the village, and the developers are only agents.
2. Different payment methods
A house with large property rights belongs to state-owned land, so it can apply for a loan from a bank, while a new house is not state-owned land, so it cannot be loaned. If you want to buy a new house, you can only pay it in one lump sum or by installment.
3. The hukou problem
You can settle down if you buy a big property house, but you can't transfer ownership if you buy a new house. Even if the new residential houses can be settled, they will not enjoy the same treatment as the local villagers. For example, if the house is demolished in the future, the local villagers will be compensated. If they settle in this village, it is equivalent to distributing land in the local village, which is not allowed.
4. Housing problem
Large property houses have formal housing books and are protected by national laws. But the house in the new house is opened by the local village or some developers. This kind of house can only prove that it only has the right to use the house and cannot be used as collateral. Its land still belongs to the local village.
5. Transaction issues
If you want to trade big property rights again, you have to go through many procedures, which is more complicated. New residential housing transactions again, as long as it is negotiated by the developer or the village, do not need to go through the transfer procedures of the Housing Authority.
Editor's summary: I have introduced the property rights of new houses here for many years, hoping to bring help to my friends.